US Momentum Report - 12 Jan 2025

Market Update:

• Markets were very weak following the job report

• Primary reason: Likelihood of FED cutting interest rate is low

• All major indices closed below their 50 day EMA

• Not the time for breakouts

• Time to scan for stocks that show strength when overall market is weak

• Energy index was showing some strength. Constellation Energy shot up 25%.

S&P 500

Index looks very weak especially after friday’s close below 5830 levels.

The next support range could be 5660 - 5750.

NASDAQ100

The current levels around 20850 should act as a major support. However, if the uncertainty/fears continue to dominate headlines, then we could see a steeper drop.

Top Momentum Stocks:

S&P500

Rank Ticker

1 $PLTR

2 $UAL

3 $VST

4 $AXON

5 $TSLA

6 $TPR

7 $FTNT

8 $CEG

9 $TPL

10 DAL

NASDAQ 100

Rank Ticker

1 $APP

2 $PLTR

3 $AXON

4 $MSTR

5 $MRVL

6 $TSLA

7 $FTNT

8 $CEG

9 $DASH

10 AVGO

Russell 1000

Rank Ticker

1 $APP

2 $AS

3 $ALAB

4 $PLTR

5 $UAL

6 $VST

7 $UI

8 $SOFI

9 $AXON

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